Investcorp-Tages Invests In Aslan House Capital
London-based event-driven hedge fund manager Aslan House Capital's assets have reached $190mn on the back of a strategic investment from Investcorp-Tages, the global multi-manager investment firm that was created as a joint venture between Investcorp and Tages Group, and additional commitments from a range of global institutions.
Luke Lynch, Founder and Chief Investment Officer of Aslan House, said: “We are delighted to have Investcorp-Tages as our strategic partner. We are now entering a very exciting chapter for Aslan House, having reached $190mn in assets, and are well-positioned for future growth. Our strategy is highly differentiated and has proved very successful. It has low beta and low correlation to equity and credit markets arising from a focus on announced events and short duration opportunities, while the flexibility to pivot between equity and credit contributes to alpha throughout the cycle.”
Mark de Klerk, Head of Seeding at Investcorp-Tages, said: “We have been thrilled to partner with Luke and his extremely experienced team at Aslan House. They have just the kind of pedigree in terms of depth of experience and expertise that investors are looking for, and have rightly focused on building a best-in-class operational infrastructure. We think their highly-differentiated strategy is very compelling in the current environment given their proven ability to deliver alpha across different market conditions.”
Aslan House employs a hard event-driven equity and credit catalyst strategy, with a European bias, but will invest across jurisdictions with robust securities and contract law. The strategy invests across the capital structure, with a focus on short duration, arbitraging the life cycle of global transactions. The portfolio focuses on three strategies (M&A Arbitrage, Credit Catalyst, Special Situations), but is managed as one portfolio, with dynamic allocations between equity and credit.
Aslan House was launched on 1 November 2019 by Luke Lynch, who was previously Deputy CIO and Managing Partner at Oceanwood Capital from its inception in 2006 and was at Tudor Capital prior to that. Fellow founding partners include Rohit Kapur (Credit Partner) and Mark Clannachan (COO), who leads the non-investment business. Clannachan has over 25 years’ experience, including Partner & COO at Bluecrest.
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